Yep! Read the fine print. Back in 1973 I used to sell tires. They started off with 12/32 tread (if I remember correctly from 43 years ago). If there was a problem and it was worn down to 6/32 tread, then the tire was half price to replace it. So I am guessing that if the tire wears out at 12K miles, then you will get 20% off a new one.